Extinguishment

(1) The act of rendering legally nonexistent. (2) The act of destroying or rendering void; nullifying. (3) The act of avoiding, as by payment, setoff, limitation of actions, merger of an interest in a greater one etc. Extinguishment, the act of extinguishing, is distinguished from the mere transfer, passing, or suspension of a right or obligation.

To render legally nonexistent; to destroy or render void; to nullify; to void, as by payment, treaty, setoff, or limitation of actions, merger of an interest in a greater one, etc. Extinguishment is distinguished from the mere transfer, passing, or suspension of a right or obligation.